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815 W 62Nd Pl, Los Angeles, CA 90044
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815 W 62Nd Pl Los Angeles, CA 90044

$995,000
  • 6 Beds
  • 5 Baths
  • 2,664 Sq.Ft.
For Sale
$995,000 Get Pre-Qualified
Map preview of 815 W 62Nd Pl, Los Angeles, CA 90044

Property Overview: 815 W 62Nd Pl Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,664 living square feet and 5,510 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Listed by Jonathan Weir | BRE #02038545 | Marcus & Millichap
Last checked: 15 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 29
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Home details

Lot Sq. Ft
5,510
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24373397
City
Los Angeles
County
Los Angeles
Time on Site
33 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,590
  • Total Rent: $1,590
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 9.57
  • Gross Scheduled Income: --
  • Net Operating Income: $67,278
  • Gross Operating Income: $103,932
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 815 W 62Nd Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 5
  • Parcel Number: 6004013023
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: W 62nd Pl & S Hoover St
View more facts & features

Local Los Angeles Agent

Sale History for 815 W 62Nd Pl

Last sold for $699,000 on November 15th, 2019

  • March, 2024

  • Mar 25, 2024

    Date

    Active

    CRMLS: 24373397

    $995,000

    Price

  • April, 2023

  • Apr 5, 2023

    Date

    Expired

    CRMLS: SB22217176

    $1,145,000

    Price

  • Oct 6, 2022

    Date

    Active

    CRMLS: SB22217176

    $1,145,000

    Price

  • Listing provided courtesy of CRMLS

    819 W 62nd Pl is a value add 5-unit apartment fit for any investor looking to capitalize on a growing submarket of Los Angeles. Sandwiched between Inglewood's new SoFi stadium and USC, 815 W 62nd brings an investor the opportunity to purchase a cash flowing asset with achievable rental upside. With 80% of the property rented with Section 8, this recently remodeled asset provides an investor the opportunity to capitalize on the strong rental income of Section 8 units. This 5-unit apartment building is located in the 90044 Zip code in Los Angeles and is priced at 13.34 GRM and a 4.77% cap rate. The subject property has a unit mix of (4) 1-Bed/1-Bath and (1) 2-Bed/1-Bath Units. With 4/5 units rented with Section 8, this property has the potential to operate at a 7.66% cap rate and 9.54 GRM. This property offers an investor the rare opportunity to cash flow immediately with achievable rental upside. The subject property is walking distance from many local restaurants grocery markets. 815 W 62nd is just 2 miles from USC and less than 3 miles from Inglewood.

  • September, 2022

  • Sep 22, 2022

    Date

    Canceled

    CRMLS: SB22121279

    $1,145,000

    Price

  • Jun 14, 2022

    Date

    Active

    CRMLS: SB22121279

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    815 W 62nd Pl is a value add 5-unit apartment fit for any investor looking to capitalize on a growing submarket of Los Angeles. Sandwiched between Inglewood's new SoFi stadium and USC, 815 W 62nd brings an investor the opportunity to purchase a cash-flowing asset with achievable rental upside. With 80% of the property rented with Section 8, this remodeled asset provides an investor the chance to capitalize on the great rental income Section 8 has to offer. This renovated apartment building is located in the 90044 Zip code in Los Angeles and is priced at 13.34 GRM and a 4.77% cap rate. The subject property has a unit mix of (4) 1-Bed/1-Bath and (1) 2-Bed/1-Bath Units. With 4/5 units rented with Section 8, this property has the potential to operate at a 7.66% cap rate and 9.54 GRM. This property offers investors the rare opportunity to cash flow immediately with an achievable rental upside. The subject property is within walking distance of many local restaurants and grocery markets. 815 W 62nd is just 2 miles from USC and less than 3 miles from Inglewood.

  • November, 2019

  • Nov 19, 2019

    Date

    Sold

    CRMLS: 19494162

    $699,000

    Price

  • Sep 26, 2019

    Date

    Pending

    CRMLS: 19494162

    $734,450

    Price

  • Sep 5, 2019

    Date

    Price Change

    CRMLS: 19494162

    $734,450

    Price

  • Aug 17, 2019

    Date

    Active Under Contract

    CRMLS: 19494162

    $525,000

    Price

  • Jul 30, 2019

    Date

    Active

    CRMLS: 19494162

    $525,000

    Price

  • Listing provided courtesy of CRMLS

    Court is set. The list price is the minimum acceptable bid price. Agents please see private remarks for additional information. ATTENTION INVESTORS! Four 1+1 units and one 2+1 unit. Trust Sale, court confirmation required.

  • November, 2019

  • Nov 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $699,000

    Price

Show More

Tax History for 815 W 62Nd Pl

Assessed Value (2020): $699,200
Year Land Value Improved Value Assessed Value
2020 $500,000 $199,200 $699,200

Home Value Compared to the Market

This property vs the competition

815 W 62Nd Pl is listed 19.5% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $373.5 per/sqft which puts the price per square foot 51.68% lower than the median price per square foot for the city of Los Angeles.

About 815 W 62Nd Pl

Detailed summary of property

815 W 62Nd Pl is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 6 bedrooms, 5 bathrooms, roughly 2,664 living square feet, and sits on an approximately 5,510 square foot lot. 815 W 62Nd Pl was first listed on ArdentRealEstateGroup.com on March 27, 2024. The homeowner is currently asking $995,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.5% lower than the median priced home. Local competing homes currently for sale include 725 W 77th St, 717 W 77th St and 217 W 57th St. While the average home in Los Angeles, CA is selling in 96 days, 815 W 62Nd Pl has a days on market of 29 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 815 W 62Nd Pl Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 815 W 62Nd Pl

Public county record property details
Beds
6
Baths
5
Year built
1922
Sq. Ft.
2,664
Lot Size
5,508
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
6004-013-023

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,500
Median List Price/Sq.Ft.
$516
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$503
Total Inventory
80
Median Sale to List Price %
100%
Avg Days on Market
51
Loan Type
Conventional (57.14%), FHA (7.14%), VA (0%), Cash (7.14%), Other (14.29%)

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Recently Sold Homes Near 815 W 62Nd Pl

6257 S Hoover St, Los Angeles, CA 90044
$665,000 Last Sold Price
4 Beds
2 Baths
1364 Sq.Ft.
6257 S Hoover St
Los Angeles, CA 90044
6265-6267 S Hoover St, Los Angeles, CA 90044
$710,000 Last Sold Price
10 Beds
7 Baths
3224 Sq.Ft.
6265-6267 S Hoover St
Los Angeles, CA 90044
837 W Gage Ave, Los Angeles, CA 90044
$549,000 Last Sold Price
4 Beds
2 Baths
1504 Sq.Ft.
837 W Gage Ave
Los Angeles, CA 90044
6301 S Hoover St, Los Angeles, CA 90044
$1,030,000 Last Sold Price
8 Beds
5 Baths
3357 Sq.Ft.
6301 S Hoover St
Los Angeles, CA 90044

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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